Cooling-off period

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Cooling-off period

The period of time between the filing of a preliminary prospectus with the Securities and Exchange Commission and the actual public offering of the securities.

Cooling-Off Period

An SEC rule mandating that several days transpire between the filing of a new issue's prospectus and the actual offering of the issue. This allows potential buyers and the seller to have a final chance to investigate the new issue and attempt to determine if there will be any previously unforeseen problems. The cooling off period is usually 20 days, but the SEC may change that for individual offerings at its discretion. It is also called the waiting period.

cooling-off period

The required waiting period between the time a firm files a registration statement for a new security issue with the SEC and the time the securities actually can be issued. The cooling-off period is usually 20 days, although the SEC may alter it for individual issues. Also called twenty-day period, waiting period. See also effective date.

Cooling-off period.

In the financial industry, a cooling-off period applies when a new issue is being brought to market. During this time, also known as the quiet period, investment bankers and underwriters aren't permitted to discuss the issue with the public.

In the consumer world, during a cooling-off period, you can cancel your obligation to purchase a product or take a loan without penalty if you change your mind.

Different kinds of transactions are governed by different cooling-off rules. For example, one federal rule allows you to cancel home improvement loans and second mortgages within three days of signing.

Another gives you three days to return purchases you make at places other than a merchant's usual place of business, such as at a trade show.

The law governing your cooling-off rights, sometimes known as buyers' remorse rules, is included in the fine print on any agreement you sign.

References in periodicals archive ?
But the figures passed to us show that over the 20-day period from February 15 to last Saturday, March 6, as many as 196 of the 890 programmes put out by S4C were rated as having zero viewers.
Burns urges subcontractors to hold back on the liens, partly because there is only a 20-day period they can file from the time the work was completed--and, in most cases, that period has passed.
The programme sets out common entry standards, a compulsory 20-day period of protected Learning for all nurses trained outside the European Economic Area and, where appropriate, a period of supervised practice.
This means all overseas qualified nurses seeking to register with the NMC will be required to undertake a 20-day period of protected learning time to familiarise them with UK health care practice.
However, last night he said he would again take up the campaign ( after Dr Ladyman's office failed to respond to the invitation, signed jointly by the North-East Chamber of Commerce, The Journal and our sister paper the Evening Gazette, within the usual 20-day period.
Nonetheless, Respondent failed to file an answer within the 20-day period or thereafter.
Thus, the process seemingly acknowledges that not every IDR is capable of being answered within a 20-day period.
713, and because of the appellate court's uniform insistence on strict application of the mechanic's lien law, we hold that any order discharging a mechanic's lien under the quoted subsection, for failure to file a response showing cause why the lien should not remain in force and effect within the 20-day period, cannot be subject to subsequent review by the trial court on grounds of excusable neglect and due diligence.
Secondly, France is not prepared to subscribe to the 20-day period (set in article 4) available to public bodies to provide documents requested after the date on which requests are received the.
intersections over a 20-day period last summer revealed that 99% of infants (aged 0-1 years), 94% of toddlers (1-3 years), and 87% of 4- to 7 year-olds were riding restrained in appropriate car seats or booster seats.